MP Govt?s six-month revenue up by 18 pc

THE MADHYA Pradesh government has received Rs 4314.24 crore as the State’s own revenue receipts during the first six months of the current fiscal, registering a growth of 18 per cent over the receipts for corresponding period in the last fiscal.

The State received tax revenue of Rs 7,592.56 crore during the first six months of the current fiscal. The target for the current financial year is Rs 17,044.62 crore.

The revenue receipts for the corresponding period during the last financial year was Rs 6,407.02 crore. During the first six months of the current financial year, total revenue receipts were Rs 10,779.91 crore, which is 29.93 per cent more than the revenue receipts of Rs 8,296.79 crore during the corresponding period in the last fiscal. From April to September, the total revenue receipts include 11.95 per cent of non-tax revenue and 70.45 per cent of tax
revenue.

According to an official release, revenue of Rs 212.21 crore collected by the Madhya Pradesh State Electricity Board towards electricity tax and duty has been adjusted against tariff subsidy. However, the amount is not included in the provisional accounts, resulting into 34.89 per cent slump in tax collection.

The 16.14 per cent decrease in revenue from hotel tax is because of the special exemption granted on hotel tax to encourage the tourism industry.

The release added that receipts of Rs 10,014.93 crore are estimated by the close of the current financial year under this head.